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Pin to quick picksVodafone Share News (VOD)

Share Price Information for Vodafone (VOD)

London Stock Exchange
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Share Price: 68.44
Bid: 68.40
Ask: 68.44
Change: 0.62 (0.91%)
Spread: 0.04 (0.058%)
Open: 67.96
High: 68.74
Low: 67.82
Prev. Close: 67.82
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Liberty Global names European mobile chief in "quad" push

Fri, 01st Nov 2013 17:49

FRANKFURT, Nov 1 (Reuters) - U.S. Cable company LibertyGlobal has appointed a European mobile chief as itpushes into wireless services to meet growing demand fortelevision, broadband, mobile and fixed-line services -so-called "quad play" - from one provider.

The quad move could be a threat to operators in the crowdedGerman sector as they scramble for a share of Europe's largesttelecoms market.

Liberty said on Friday it had appointed Graeme Oxby asmanaging director of its European Mobile operations.

Oxby was director of Mobile & Home Phone at Virgin Media,which Liberty earlier this year bought in a stock-and-cash dealworth about $15.8 billion.

Liberty has been testing the waters as a so-called mobilevirtual network operator (MVNO) in Europe, including in Britain,Belgium and Germany - where it owns the No. 2 cable companyUnitymedia KabelBW - but has not made a serious push so far.

MVNOs are operators who rent access on bigger rivals'networks and tend to sell cheaper mobile plans, often without along-term contract and targeted at youth or ethnic niches.

In Britain, Virgin Media offers superfast wireless broadbandservices to businesses, which are increasingly looking to buyfixed, mobile and other telecom services from a single providerto save costs and simplify billing.

"In this new role Graeme will further develop LibertyGlobal's core mobile network to become a full MVNO operator inmost of its European operations," the company said on Friday.

CABLE GOES MOBILE

A rise in demand for "quad play" services was the mainreason that British telecoms group Vodafone splashed out7.7 billion euros ($10.4 billion) to buy Kabel Deutschland,Germany's biggest cable operator, this year.

Unitymedia KabelBW's chief executive Lutz Schueler has saidthat while the German Liberty unit had not made a serious pushinto mobile, such a move was an option.

Unitymedia had just under 200,000 mobile subscribers at theend of the second quarter in a market of around 114 millionsubscribers. It will release third-quarter results next week.

Analysts at Citigroup last week said in a note opportunitiescould emerge for MVNOs from Telefonica Deutschland's acquisition of KPN's E-Plus, which was announced thissummer and is now being evaluated by the European Commission.

"We expect Telefonica Deutschland/E-Plus will be mandated tooffer some form of a wholesale reference offer to be availableto MVNOs/service providers and on a national roaming basis (incase a new entrant emerges)," they wrote in a client note.

Deutsche Telekom and Vodafone are the biggestmobile operators in Germany, with a market share of around 35percent each, while Telefonica Deutschland and KPN's E-Plusshare around 30 percent.

Deutsche Telekom is in fierce competition with cablecompanies that have upgraded their lines designed originally toonly deliver TV to homes so that they can also carry Internetand voice calls. They offer Internet at speeds that are oftenfive times faster than the competing services from telecomoperators and have snatched clients from Deutsche Telekom, whichstill has more than 40 percent of the German fixed-line market.

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2 May 2024 07:03

Swisscom posts steady Q1 profit, says Vodafone Italia deal on track

May 2 (Reuters) - Telecoms group Swisscom reported a slightly lower first-quarter core profit on Thursday, but beat market expectations, as business in its core Swiss and Italian markets continued to develop positively.

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2 May 2024 06:35

Swisscom plans completion of Vodafone Italia takeover in Q1 2025

May 2 (Reuters) - Swiss telecoms group Swisscom said on Thursday its takeover of Vodafone Italia is on track and expected to be completed in the first quarter of 2025.

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16 Apr 2024 08:41

Vodafone appoints SAP's Marika Auramo as CEO of Business arm

(Alliance News) - Vodafone Group PLC on Tuesday said Marika Auramo has been appointed as chief executive of Vodafone Business.

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16 Apr 2024 07:46

Vodafone taps SAP executive to lead business division

(Sharecast News) - Vodafone announced the appointment of Marika Auramo as chief executive of Vodafone Business on Tuesday, effective from 1 July.

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4 Apr 2024 15:58

London close: Stocks manage gains ahead of US payrolls report

(Sharecast News) - London markets closed higher on Thursday, driven by a robust showing from the mining sector and as investors contemplated the UK services sector's latest figures.

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4 Apr 2024 08:47

LONDON MARKET OPEN: Shares rise despite US interest rate unease

(Alliance News) - London's FTSE 100 edged higher on Thursday morning, despite lingering US interest rate worries hanging over equities, while gold notched another record high in earlier trade.

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4 Apr 2024 07:43

LONDON BRIEFING: Vodafone-Three deal faces deeper UK probe

(Alliance News) - London's FTSE 100 is called to open higher on Thursday, despite remarks from Federal Reserve Chair Jerome Powell failing to soothe lingering interest rate worries.

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4 Apr 2024 07:37

CMA to launch in-depth probe into Vodafone's merger with Three

(Sharecast News) - The Competition and Markets Authority said on Thursday that it will launch an in-depth investigation into the planned £15bn merger between Vodafone and CK Hutchison's Three that was announced last year.

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28 Mar 2024 15:05

Directors dealings: Vodafone chairman follows in CFO's steps, buys shares

(Sharecast News) - Vodafone's chairman bought a big batch of shares in the telecommunications outfit just ahead of the Easter break.

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28 Mar 2024 13:54

IN BRIEF: Vodafone Chair Boxmeer buys GBP570,000 in shares

Vodafone Group PLC - Berkshire, England-based telecommunications provider - Chair Jean-Francois van Boxmeer buys 823,500 shares at GBP0.69 each, worth GBP568,215, in London on Wednesday.

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27 Mar 2024 09:40

LONDON BROKER RATINGS: Sainsbury's, Petershill Partners upped to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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26 Mar 2024 11:21

Vodafone Germany to cut 2,000 jobs in revamp

FRANKFURT, March 26 (Reuters) - Vodafone Germany aims to save around 400 million euros ($434.48 million) over the next two years as part of a restructuring that will hit some 2,000 jobs, the company said on Tuesday.

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26 Mar 2024 11:15

UPDATE: Vodafone Germany cuts 2,000 jobs as part of savings programme

(Alliance News) - Vodafone GmbH is cutting and relocating around 2,000 jobs in a bid to save EUR400 million in the next two years, the Dusseldorf, Germany-based subsidiary of Vodafone Group PLC announced on Tuesday.

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26 Mar 2024 10:43

Vodafone Germany: 400-mln-eur restructuring to affect 2,000 jobs

BERLIN, March 26 (Reuters) - Vodafone Germany said on Tuesday that it aims to save around 400 million euros ($434.48 million) over the next two years as part of a transformation programme that will affect some 2,000 jobs.

Read more
26 Mar 2024 10:42

Vodafone Germany cutting 2,000 jobs as part of savings programme

(Alliance News) - Vodafone GmbH is cutting and relocating around 2,000 jobs in a bid to save EUR400 million in the next two years, the Germany, Dusseldorf-based subsidiary of Vodafone Group PLC announced Tuesday.

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